Clinton

Unity Bancorp Announces 8% Increase in First Quarter Dividend

Retrieved on: 
Thursday, February 22, 2024

CLINTON, N.J., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share.

Key Points: 
  • CLINTON, N.J., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share.
  • Such dividend is payable on March 29, 2024, to shareholders of record as of March 15, 2024.
  • This represents an 8% increase from the $0.12 dividend per common share paid in the prior quarter.
  • “We are pleased to announce another increase in our dividend payout, a testament to our robust financial performance and our unwavering commitment to delivering shareholder value.

Unity Bancorp Reports Quarterly Earnings of $9.8 Million and Full Year Earnings of $39.7 Million

Retrieved on: 
Friday, January 12, 2024

This represents a 1.8% decrease in net income and a 1.0% decrease in net income per diluted share.

Key Points: 
  • This represents a 1.8% decrease in net income and a 1.0% decrease in net income per diluted share.
  • This represents a 3.3% increase in net income and a 7.0% increase in net income per diluted share.
  • We achieved a record year of earnings with $39.7 million in net income, or $3.84 per diluted share.
  • For the fourth quarter, we generated $9.8 million in net income, or $0.96 per diluted share.

Unity Bank Provides Multimillion Construction Loan for Clinton 122-Unit Assisted Living & Memory Care Center

Retrieved on: 
Thursday, December 21, 2023

CLINTON, N.J., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Unity Bank has provided a multimillion construction loan to Somerset County entrepreneur Gulshan Chhabra to develop a 122-unit assisted living and memory care residential facility and an adult day care center at the site of Clinton’s former Holiday Inn at 111 West Main Street, which closed during the COVID-19 pandemic.

Key Points: 
  • CLINTON, N.J., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Unity Bank has provided a multimillion construction loan to Somerset County entrepreneur Gulshan Chhabra to develop a 122-unit assisted living and memory care residential facility and an adult day care center at the site of Clinton’s former Holiday Inn at 111 West Main Street, which closed during the COVID-19 pandemic.
  • “We are creating the premier assisted living facility in the United States,” said Chhabra, who had owned the hotel since 2011.
  • Courtyard Luxury Senior Living will fill a community need because there is a shortage of approximately 1,100 assisted living beds in our marketplace.
  • “I am excited about what we will accomplish with the assisted living center because we will truly help many people live better, more fulfilling lives.”

Unity Bancorp Declares Cash Dividend

Retrieved on: 
Thursday, November 16, 2023

CLINTON, N.J., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.12 per common share.

Key Points: 
  • CLINTON, N.J., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.12 per common share.
  • Such dividend is payable on December 29, 2023, to shareholders of record as of December 15, 2023.
  • Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $1.9 billion in deposits.
  • For additional information about Unity, visit our website at www.unitybank.com, or call 800-618-BANK.

Net Zero Holdings Announces the Appointment of Clinton B. Williams as President

Retrieved on: 
Tuesday, November 7, 2023

HOUSTON and MADRID, Nov. 7, 2023 /PRNewswire/ -- Net Zero Holdings and its subsidiaries (collectively "NetZero"), a global project proponent and marketer of environmental credits, carbon credits, low carbon fuels and renewable energy credits, announced today the appointment of Clinton B. Williams ("C. B.") as its' President to lead the logistics required for its global expansion.

Key Points: 
  • Clinton joins Net Zero Holdings to enhance its' global footprint and additions to the recycling and collections facilities.
  • HOUSTON and MADRID, Nov. 7, 2023 /PRNewswire/ -- Net Zero Holdings and its subsidiaries (collectively "NetZero"), a global project proponent and marketer of environmental credits, carbon credits, low carbon fuels and renewable energy credits, announced today the appointment of Clinton B. Williams ("C.
  • as its' President to lead the logistics required for its global expansion.
  • There is steadily rising demand around the world to mitigate the impact end-of-life tires, plastics and other organic waste have on the environment.

Unity Bancorp Reports Quarterly Earnings of $9.9 Million

Retrieved on: 
Friday, October 13, 2023

For the nine months ended September 30, 2023, Unity reported net income of $29.9 million or $2.88 per diluted share, compared to net income of $28.5 million or $2.67 per diluted share for the nine months ended September 30, 2022.

Key Points: 
  • For the nine months ended September 30, 2023, Unity reported net income of $29.9 million or $2.88 per diluted share, compared to net income of $28.5 million or $2.67 per diluted share for the nine months ended September 30, 2022.
  • This represents a 5.0% increase in net income and a 7.9% increase in net income per diluted share.
  • For the quarter, we achieved $9.9 million of net income, or $0.97 per diluted share.
  • Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $1.9 billion in deposits.

Unity Bancorp Declares Cash Dividend

Retrieved on: 
Thursday, August 17, 2023

CLINTON, N.J., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.12 per common share.

Key Points: 
  • CLINTON, N.J., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.12 per common share.
  • Such dividend is payable on September 22, 2023, to shareholders of record as of September 8, 2023.
  • Unity Bancorp, Inc. is a financial service organization headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $1.8 billion in deposits.
  • For additional information about Unity, visit our website at www.unitybank.com , or call 800-618-BANK.

Unity Bancorp Reports Quarterly Earnings of $9.7 Million

Retrieved on: 
Friday, July 14, 2023

For the six months ended June 30, 2023, Unity reported net income of $20.0 million or $1.91 per diluted share, compared to net income of $18.6 million or $1.74 per diluted share for the six months ended June 30, 2022.

Key Points: 
  • For the six months ended June 30, 2023, Unity reported net income of $20.0 million or $1.91 per diluted share, compared to net income of $18.6 million or $1.74 per diluted share for the six months ended June 30, 2022.
  • This represents a 7.7% increase in net income and a 9.8% increase in net income per diluted share.
  • For the quarter, we realized $9.7 million of net income, or $0.95 per diluted share.
  • Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $1.8 billion in deposits.

Chatbots can be used to create manipulative content — understanding how this works can help address it

Retrieved on: 
Tuesday, June 27, 2023

As communication scholars, we were interested in the applications of AI in supporting manipulative communication efforts.

Key Points: 
  • As communication scholars, we were interested in the applications of AI in supporting manipulative communication efforts.
  • Our recent book, Social Engineering: How Crowdmasters, Phreaks, Hackers, and Trolls Created a New Form of Manipulative Communication looks at how the internet affected manipulative communication.

AI chatbots

    • • Deepfake technology: AI algorithms can be used to generate fake audio or video content that appears to be real, making it easier to spread false information or manipulate individuals.
    • • Personalized advertising: AI algorithms can analyze data about a person’s behavior, preferences, and relationships to create targeted advertisements that manipulate their emotions and influence their purchasing decisions.
    • Each of these stages can be automated, with new AI tools increasing the pace and intensity.

Trashing

    • Trashing is the stage where the masspersonal social engineer gathers information on potential targets.
    • While social engineers still go through physical trash, these days trashing takes place in digital environments.
    • For example, trashing was key to the Russian hack of former White House Chief of Staff John Podesta’s emails in 2016.

Pretexting

    • A pretext is the role a masspersonal social engineer plays when trying to get information or manipulate a target.
    • For example, in a phishing email, the phisher is playing a role as a bank or government representative.
    • And for several years people have sounded alarms about deepfake videos and audio of political figures.

Bullshitting

    • The third and final stage, bullshitting, is the actual engagement with the target.
    • As moral philosopher Harry Frankfurt famously defines it, “bullshit” is not lying — it’s the indifference to truth.
    • The primary concern here is the production of seemingly real content that is meant to deceive or muddy debate.

Increased intensity

    • But automated manipulative communication is a new development, increasing the pace and intensity of disinformation and misinformation.
    • We hope that this framework, which breaks down the manipulative communication process into stages, helps future researchers and policymakers come to grips with this development.
    • Addressing pretexting can involve more transparency in the funding for advertising campaigns, particularly in the case of political advertising on social media.

GoNetspeed Brings 100% Fiber Internet to Clinton and Westbrook

Retrieved on: 
Tuesday, June 20, 2023

As construction progresses throughout Clinton and Westbrook, more residents and businesses will gain access to service.

Key Points: 
  • As construction progresses throughout Clinton and Westbrook, more residents and businesses will gain access to service.
  • Once complete, more than 7,300 homes and businesses in Clinton and Westbrook will have the opportunity to experience GoNetspeed’s fast, reliable 100% fiber internet service.
  • With access to high-speed fiber internet, the lives of thousands will be changed through access to faster, more reliable internet speeds,” said Tom Perrone, GoNetspeed Chief Operating Officer.
  • GoNetspeed continues to deliver more fiber, more access, more speed, and better reliability to residents and businesses throughout our footprint.